According to some professional advice, this tax is additional tax that leads to averaging 50 to 60% tax on mining companies, no wander RIO, BHP, OZ mineral , FMG etc all screaming lately, they thread to withdraw more or all project which can make more jobs lost in the coming future...
Mr Don Voelte (Woodside CEO) said (Saturday Sydney Morning Herald) he will not go head the $12 billion gas project if he knew in advance that the Labor Government plan (one of this tax raising plans). He is telling shareholders that he would not be such stupidity to put their money at such a higher risk.
The history suggests that the labor government are careless about this issue and concerns. Good luck to all of us.
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